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cisco on big economy is not of major concern. the concern is to redeploy the talent as quickly as possible. >> market research firm glacier and company made headlines today with with this report. it predicts cisco global work force of more than 73,000 will be cut by 5000. 1,000 positions early retirement packages and another 4000 through layoffs. saving the company a total of 1 billion dollars a year. glacier analyst brian marshall says while it's a difficult decision to make in our view it is required in order to maintain the competitiveness of cisco going forward. company ceo john chambers already taking notable steps this year to restructure the networking giant. video cam operation are gone. consumer business realign and management forces are being reorganized. if the latest round of local layoffs goes above 1,000, it could have an impact on county wide unemployment numbers. >> combine this lay off with the the city and county lay off that have happened recently. i mean, tl those were good solid jobs and if they go away, officials cisco dominant player in network sw
rights. >> i'm spencer in the accu-weather forecast center where we have a big warm-up tomorrow.i'll show you how high the temperatures will sore in my accu-weather forecast coming up. >> thanks. faster internet speed. better phone service and improved cable that's the promise. so did one bay area city take the bait? promise. so did one bay area city take the bait? news at 9:00 continues. [ man ] i got thisis new citi thankyou card and started earning loads of points. you got a weather balloon with points? yes i did. [ man ] points i could use for just about anything. ♪ ♪ there it is. [ man ] so i used mine to get a whole new perspective. ♪ [ male announcer ] the new citi thankyou premier card gives you more ways to earn points. what's your story? citi can help you write it. >> republican controlled house passion add bill this evening to cut federal spending by 6 trillion i don't know dollars. that's despite a promise from president obama to veto the bill that also increases the government debt ceiling. tonight vote on capitol hill comes as bipartisan group of senators presented
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